Legislation

Title: Real Estate - Real Estate Brokerage Services and Termination of Residential Real Estate Contracts (The Anthony Moorman Act)
Sponsored by: Delegates C. Branch, T. Branch, Charles, Foley, Guyton, Harrison, Henson, Hill, Jackson, D. Jones, R. Jones, Patterson, Prettyman, Qi, Sample-Hughes, Smith, Valderrama, and Wells
Status: In the House - Hearing 2/22 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring a real estate broker or an escrow agent, if a purchaser terminates a certain transaction under certain circumstances, to distribute trust money to the purchaser within 30 days after a certain written notice of the termination is sent; requiring a holder of trust money who makes a certain distribution to notify the seller and purchaser of the distribution within a certain period of time; establishing that a holder of trust money may not be held liable for a certain decision to distribute the trust money; etc.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0424

Bill File Type: Regular

Effective Date(s): October 1, 2022

History

Legislation History
Chamber House Calendar Date 2/03/2022 Legislative Date 2/03/2022 Action First Reading Environment and Transportation Proceedings
Chamber House Calendar Date 2/04/2022 Legislative Date 2/04/2022 Action Hearing 2/22 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Real Estate - Real Estate Brokerage Services and Termination of Residential Real Estate Contracts (The Anthony Moorman Act) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/03/2022	2/03/2022	First Reading Environment and Transportation
House	2/04/2022	2/04/2022	Hearing 2/22 at 1:00 p.m.
			Text - First - Real Estate - Real Estate Brokerage Services and Termination of Residential Real Estate Contracts (The Anthony Moorman Act)

File Code

Subjects

Statutes